MCQOPTIONS
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| 1. |
Developing countries that concentrate production in agricultural products or raw materials may face a long-run decline in their international terms of trade because of ? |
| A. | inelastic demand for these products in advanced countries |
| B. | large increases in the supplies of these products on world markets because of export expansion policies |
| C. | sluggish demand for these products in advanced countries |
| D. | All of the above |
| Answer» E. | |